arstechnica.com
Verizon has secured final regulatory approval for its $9.6 billion acquisition of Frontier Communications, with the California Public Utilities Commission granting a 5–0 vote. The deal is expected to close on January 20.
The acquisition, valued at $20 billion including debt, will create a combined entity with fiber reach to nearly 30 million locations across 31 states. To obtain approval, Verizon agreed to several commitments, including deploying fiber to 75,000 new locations within five years, adding 250 new 5G cell sites, and offering $20-per-month internet service to low-income households for the next decade.
Read More
